Main Component Finish Process: Oxide
The finishing process “Oxide” was (negatively) predictive of profitability
We used a linear regression model to predict which of CravenSpeed’s parts will be most profitable over time. Overall, we found that parts like the FlexPod are likely to be most profitable for CravenSpeed. It is a small, inexpensive plastic part that is useful for many makes, models, and years.
We used a random forests technique to show which features are most important to this model.
We converted this to a number, ranging from 0 to 31 included in each SKU.
This variable suggests retailers are order many of this product.
A few product types are especially profitable over the period of this dataset, the FlexPod, Performance and Other in particular.
The finishing process “Oxide” was (negatively) predictive of profitability
Variants tend to be less profitable.
We created this feature to show the number of model years a product works for.
Plastic and rubber parts are negatively associated with profits.
Print was negatively associated with profit.